finance.yahoo.com

Berkshire Hathaway Raises Stake in The New York Times as Digital Revenues Grow

Berkshire Hathaway logoBerkshire Hathaway
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The New York Times is producing thousands of original videos each quarter as digital subscription revenues rise 16%. Management expects digital subscriptions to grow 12% to 15%, advertising to increase in the high single- to low double-digit range, and adjusted operating costs to climb 8% to 9% while investing in video and product upgrades. Buffett’s Berkshire is drawing closer investor focus as big tech platforms send less traffic to publishers.

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